China body calls digital tokens risky, two bitcoin platforms to shut

SHANGHAI (Reuters) - A senior executive at China's state-backed internet finance body said on Friday "stateless" digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of "l...

SHANGHAI (Reuters) - A senior executive at China's state-backed internet finance body said on Friday "stateless" digital tokens such as bitcoin posed risks as they could be used for illegal actions, and rules are needed to support the development of "legal" digital currencies.